BitCoin, the BlockChain and the Internet of Things

Just re-posting it from Twitter:

I think what people should be really excited about is the blockchain. BitCoin just an app.

Exciting: having the ownership of every single real/virtual object in the world recorded on the blockchain. [Transferrable to anyone in real-time.] Cars, houses, hotel rooms, airbnb stays, IOUs, store credit, stocks, art, etc. all recorded on the blockchain. In the future your car may connect to the blockchain to check that you own it and can start it, for instance.

These myriad of claims on assets with the Internet acting as global router will cause the banking/commerce convergence. once banking/commerce converge we’ll pay in our currency and vote by accepting others. #politicalaspects